After studying crypto for the better part of 2024 I think I’ve concluded that in order for digital currencies to become truly mainstream either major (nonfinancial) industries need to endorse it by transacting in it OR more countries need to adopt it (this is primarily a political issue)

Both of these things will happen in the next decade but it’s hard to tell to what degree as well as which currencies will win the overall “transaction wars”

I think the turf wars between different currencies is similar to the turf wars between different payment networks and consumer adoption will lag unless one of the existing payment network providers gives a sustained push to a specific crypto. again much more of a political than technical problem

Another option is for crypto to become the “native payment currency” for a new popular industry and people are doing this for VR. Basically Meta’s Libra was ahead of its time. But you need the base economy before the digital currency has any intrinsic value